Norwegian group Kvaerner has warned of fierce competition from Asia after seeing its first quarter operating profit fall 40% to £9.6million.
natural gas project
Industrial service group Cape saw nearly 37% wiped off the value of its shares yesterday after it said losses on a liquefied natural gas project in Algeria would hurt profits.
SCOTTISH temporary-power specialist Aggreko said yesterday it expected strong growth in the first half of 2012 but added that the following six months could be tougher.
Higher oil prices helped push up third-quarter profits at US-operator Apache.
A Chinese oil firm was linked yesterday with a possible bid for Talisman Energy, which has a significant North Sea presence.
IRAN has told Total and Shell that it will not extend the deadlines for completion of their South Pars development contracts beyond the present June, 2008, deadline.